My name is Allie Brodbeck and I am a student at Nagel Middle School in Cincinnati, OH. I am researching how inflation is affecting today’s society. I am writing you because you are an expert on this topic. I have a few questions I would like to ask you:
What country has the highest inflation percentage 20 years ago?
If you were to buy an item today what would the price be today from 2 years ago?
What was the first year that inflation began getting tracked?
Thank you for your time and I hope to hear back from you soon.
Sincerely, Allie Brodbeck
Response:
Kimberly Amadeo:
Hi Allie,
In answer to your questions, the highest inflation in the last 20 years was in Zimbabwe in 2004-2009. For more, see
This article teaches you how to use the calculator, and provides a link to the calculator. It will also give you the source for the answer to your third question. Inflation was tracked starting in 1913.
Inflation In Rome:
https://docs.google.com/a/foresthills.edu/document/d/1wRvB3Wri9Qrvma2jZzqVuT-iFow5B4uDJQ0TueC3GoY/edit"The Ludwig Von Mises Institute." Inflation and the Fall of the Roman Empire. N.p., n.d. Web. 15 Jan. 2013.
Current Inflation:
https://docs.google.com/a/foresthills.edu/document/d/1oX4rZbNR8xAswIcxOB7adoU3wwLOxfG9kdb7C4tNjUg/editMadigan, Kathleen. "Fed May Get Its Hope for More Inflation in 2013." Real Time Economics RSS. Http:blogs.wsj.com, 20 Dec. 2012. Web. 17 Jan. 2013.
Volpe, Richard. "USDA ERS - Food Price Outlook: Summary Findings." USDA ERS - Food Price Outlook: Summary Findings. Http:www.ers.usda.gov, 21 Dec. 2012. Web. 17 Jan. 2013.
Final Project:
<iframe src="http://prezi.com/embed/pvp2k4njyy62/?bgcolor=ffffff&lock_to_path=0&autoplay=no&autohide_ctrls=0" width="550" height="400" frameBorder="0"></iframe>Email:
Dear Kimberly Amadeo,My name is Allie Brodbeck and I am a student at Nagel Middle School in Cincinnati, OH. I am researching how inflation is affecting today’s society. I am writing you because you are an expert on this topic. I have a few questions I would like to ask you:
Thank you for your time and I hope to hear back from you soon.
Sincerely,
Allie Brodbeck
Response:
Kimberly Amadeo:
Hi Allie,
In answer to your questions, the highest inflation in the last 20 years was in Zimbabwe in 2004-2009. For more, see
http://useconomy.about.com/od/inflationfaq/f/Hyperinflation.htm
I'm not sure what question you are asking in # 2, but if you want a good inflation calculator to compare today's price to that from 2 years ago, see
http://useconomy.about.com/od/economicindicators/p/CPI.htm
This article teaches you how to use the calculator, and provides a link to the calculator. It will also give you the source for the answer to your third question. Inflation was tracked starting in 1913.
Kimberly
Contacts:
Email: useconomy@aboutguide.com